XRP ($XRP ) has slipped below the crucial $3.050 resistance and is now struggling under the $3.00 level. The market structure shows clear weakness, with selling pressure increasing across the board.
Let’s analyze what’s happening
📉 XRP $XRP Price Structure
XRP is trading below $3.00 and the 100-hour SMA.
A negative trendline has formed on the hourly chart, with resistance at $3.00.
As long as XRP stays under $3.10, further downside remains likely.
⚠️ Prices Fall for XRP
After failing to hold $3.120, XRP broke $3.00 support.
Price dipped to $2.850, testing a key support zone.
Currently consolidating losses below the 23.6% Fib retracement (from $3.095 swing high → $2.850 low).
🔑 Key Levels to Watch
Support Zones: $2.850 → $2.800 → $2.740
Resistance Zones: $2.920 → $3.00 → $3.050 → $3.120
👉 A clean break above $2.920 could push XRP back toward $3.00–$3.05, but $3.120 remains a major hurdle for bulls.
📊 Possible Scenarios
1️⃣ Bullish Case (Recovery Attempt)
Break above $2.920
Targets: $3.00 → $3.050 → $3.120
2️⃣ Bearish Case (More Downside)
Failure to hold $2.850 support
Next levels: $2.80 → $2.740 → $2.720
📌 Technical Indicators
MACD: Bearish momentum building
RSI: Below 50 → signaling weakness
🚨 Conclusion
XRP is in a short-term bearish phase as it struggles under the $3 level.
If $2.850 support holds, a bounce toward $3.00 is possible.
If $2.80 breaks, a sharper drop toward $2.74–$2.72 could follow.
👉 Traders should watch $2.920 (resistance) and $2.850 (support) as the decision levels for XRP’s next big move.
🔥 What do you think — Will XRP reclaim $3+, or are we heading to $2.70 next?
💬 Share your thoughts below & follow for daily crypto updates!
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